ALEX Lab, a Bitcoin DeFi platform, has officially opened its Treasury Grant Program on platform X, providing a vital lifeline to users affected by a recent security incident. The program is now accessible to all users who were impacted by the breach, including those who wish to withdraw their assets. Users can visit the corresponding portal website to confirm their choices and check the status of their assets.

The Treasury Grant Program is a significant step towards compensating users affected by the security breach and ensuring the platform's future stability. In mid-May, ALEX Lab suffered an attack resulting in a loss of $4.3 million. In response, the platform sold 3% of its tokens to raise $10 million in USDC, with $7 million allocated for the Treasury Grant project.

The program is designed to provide financial support to users who were affected by the security incident, allowing them to recover from the losses they incurred. The platform's decision to launch the Treasury Grant Program demonstrates its commitment to transparency and accountability, as well as its dedication to ensuring the well-being of its users.

The Treasury Grant Program is a crucial step towards rebuilding trust between ALEX Lab and its users. By providing financial support to those affected by the security breach, the platform is showing that it is committed to making things right and ensuring that its users are protected.

In conclusion, the launch of the Treasury Grant Program by ALEX Lab is a significant development in the platform's efforts to compensate users affected by a recent security incident. The program is a vital step towards ensuring the platform's future stability and rebuilding trust between ALEX Lab and its users.